DailyMORTGAGE LOCK ADVISORY 

June 19, 2012, 6:30am PST

Click for Lock Advice Updated Several Times Daily

      

7 day Mortgage Interest Rate lock or Float Advice: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.06 point.


30 Day Mortgage Interest Rate Lock or Float Advice: LOCK.

Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.

 

MORTGAGE MARKET INDICATORS

National Average Fixed Rate Mortgage 3.67%
MBS (3.5%) - 105.06, High: 105.14, Low: 105.06   
DJI Stocks currently $12,802.44,  Up $60.62, Change 0.474%   
Asian & European Stock Market Indexes Up 1.152%   
Nymex Crude Oil Currently $84.04 Up $0.77   
Gold 1 Once - $1,628.03 
       

MORTGAGE NEWS BRIEFS
 

Lenders Chase Evolving Fraud Risks
Lenders can try as hard as they want to prevent mortgage fraud from taking place across the country, but it always seems that the fraudsters will outsmart financial institutions and be one step ahead of them when devising a scheme.>> Read More Origination News

 

Key Market Moving Events For Tuesday, June 19
Tuesday is a relatively busy day, with readings of housing starts and building permits giving a fresh update of the industry in the U.S. Internationally, French business confidence and British inflation reports may guide shares. >>Read more Business Insider

Education is Consumer's Only Real Protection. 

Your FHA GuruBill Ladewig

800.664.7283 (SAVE)

Bill@YourFhaGuru.com

Website

 

 

 

Bill Ladewig is a Mortgage Broker Licensed by the California Department of Real Estate 00968137

NMLS #291249

 

 

 

 

San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage Ultimate Mortgage Calculator

 
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Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970

Escondido, CA

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Address: San Diego, Escondido, Vista, San Marcos, Oceanside, Rancho Bernardo, Poway, Scripps Ranch, Penasquitos, Shadowridge, Rancho Del Oro, Escondido, CA, 92025

Office Phone: (866) 204-9733

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